TD SYNNEX Corporation $SNX Stock Holdings Boosted by Citigroup Inc.

Citigroup Inc. boosted its position in TD SYNNEX Corporation (NYSE:SNX) by 12.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 83,103 shares of the business services provider’s stock after buying an additional 8,914 shares during the quarter. Citigroup Inc.’s holdings in TD SYNNEX were worth $13,608,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in shares of TD SYNNEX in the third quarter valued at approximately $42,000. MAI Capital Management grew its holdings in TD SYNNEX by 90.2% in the 2nd quarter. MAI Capital Management now owns 428 shares of the business services provider’s stock worth $58,000 after buying an additional 203 shares in the last quarter. Hantz Financial Services Inc. increased its position in TD SYNNEX by 1,012.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 445 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 405 shares during the period. EverSource Wealth Advisors LLC raised its stake in TD SYNNEX by 17.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 852 shares of the business services provider’s stock valued at $116,000 after acquiring an additional 126 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in TD SYNNEX by 10.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 775 shares of the business services provider’s stock worth $127,000 after acquiring an additional 74 shares during the period. Institutional investors own 84.00% of the company’s stock.

TD SYNNEX Stock Performance

Shares of NYSE SNX opened at $156.63 on Friday. The stock’s fifty day simple moving average is $156.63 and its 200 day simple moving average is $153.92. The stock has a market capitalization of $12.63 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 1.14 and a beta of 1.38. The company has a quick ratio of 0.75, a current ratio of 1.21 and a debt-to-equity ratio of 0.43. TD SYNNEX Corporation has a 52-week low of $92.23 and a 52-week high of $175.56.

TD SYNNEX (NYSE:SNX) last released its quarterly earnings results on Thursday, January 8th. The business services provider reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.15. The business had revenue of $17.38 billion during the quarter, compared to analyst estimates of $15.46 billion. TD SYNNEX had a return on equity of 12.60% and a net margin of 1.32%.TD SYNNEX’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the company posted $3.09 EPS. TD SYNNEX has set its Q1 2026 guidance at 3.000-3.500 EPS. As a group, sell-side analysts forecast that TD SYNNEX Corporation will post 11.88 earnings per share for the current fiscal year.

TD SYNNEX Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 16th were issued a dividend of $0.48 per share. This is an increase from TD SYNNEX’s previous quarterly dividend of $0.44. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, January 16th. TD SYNNEX’s dividend payout ratio (DPR) is presently 19.26%.

Insider Buying and Selling

In other TD SYNNEX news, Director Merline Saintil sold 168 shares of TD SYNNEX stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $153.38, for a total transaction of $25,767.84. Following the transaction, the director directly owned 7,162 shares in the company, valued at approximately $1,098,507.56. The trade was a 2.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard T. Hume sold 25,000 shares of the stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $160.67, for a total value of $4,016,750.00. Following the completion of the sale, the director owned 47,515 shares of the company’s stock, valued at $7,634,235.05. The trade was a 34.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 85,916 shares of company stock valued at $13,871,759. Company insiders own 0.70% of the company’s stock.

Analyst Upgrades and Downgrades

SNX has been the topic of a number of research analyst reports. Barclays lowered their price target on TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a report on Friday, January 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, January 21st. Zacks Research cut shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Barrington Research reissued an “outperform” rating and set a $182.00 target price on shares of TD SYNNEX in a report on Friday, January 9th. Finally, UBS Group upped their target price on TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, TD SYNNEX currently has an average rating of “Moderate Buy” and an average price target of $170.64.

About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.